E$8-4($Algo$)$ Recording Write$-$Offs and Recoveries $[$LO $8-2]$

Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $$2,700$ in its Allowance for Doubtful Accounts.

Required:

Prepare journal entries for each transaction. $($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in

the first account field.$)$

a$.$ On August $31,$ a customer balance for $$370$ from a prior year was determined to be uncollectible and was written off.

b$.$ On December $15,$ the customer balance for $$370$ written off on August $31$ was collected in full.